1. Scroll: First Airdrop to Distribute 7% of SCR Total Supply link

Scroll has announced its first token airdrop plan, allocating 7% of the total SCR token supply to ecosystem contributors. This airdrop is designed to reward those who have contributed to the development of the Scroll protocol, ecosystem, and community. The airdrop will be distributed across four categories: community airdrop, ecosystem projects, industry contributors, and the global community. Of these, the community airdrop will distribute 55 million SCR tokens (5.5% of the total supply) to users who have actively participated in the Scroll ecosystem through on-chain activities.

Additionally, Scroll announced the upcoming launch of the “Sessions 2” program, which will feature an improved Marks system and a new dashboard to reward more participants within the ecosystem. Scroll will also introduce “Scroll Open,” aimed at incentivizing ecosystem development and builders, with winning projects eligible for additional SCR token rewards.

2. Yuga Labs’ Ethereum Layer 2 ApeChain Officially Launches link

According to the official ApeCoin Twitter account and the ApeChain browser, Yuga Labs’ Ethereum Layer 2, ApeChain, has officially launched. Along with this, ApeChain has introduced its official bridge and Swap portal. Additionally, ApeChain will be launching an on-chain trading simulation game called “Top Trader.”

3. Modular Blockchain Project Elixir Announces Launch of Mainnet Phase One link

The modular blockchain project Elixir has announced the launch of the first phase of its mainnet starting on October 31. Over the next 10 months, Elixir will distribute 750 million potions (Elixir’s in-platform tokens) to users. deUSD stakers have already begun accumulating liquid rewards with a 2x earnings boost, while Curve LPs will receive a 10x potion boost. Additionally, Elixir will introduce the ELX token, which will serve as the native utility and governance token for the future of the Elixir ecosystem.

4. Magic Eden CEO: Founding Team to Lock ME Tokens for at Least 18 Months After TGE link

Magic Eden CEO Jack Lu recently shared his vision for the platform, stating that soon, users will be able to trade all on-chain assets within a single application, similar to Binance or Coinbase, but entirely decentralized. By the end of this year, Magic Eden will be live on 10 different chains. In addition to NFT trading, the platform will also support Solana token trading, rune trading, and cross-chain swaps. The ME token will serve as the growth engine for the platform, and the test launch of the token remains on track for this month. To demonstrate their long-term commitment to MAGIC, the founding team of Magic Eden will lock their tokens for at least 18 months post-TGE (Token Generation Event). To align incentives with the community, the ME integration will also reward the platform’s most loyal and consistent users.

5. ether.fi Proposes a 10 Million ETHFI Grant to Promote Exchanges Using weETH as Collateral link

The Ethereum liquid staking protocol ether.fi has introduced a proposal to allocate up to 10 million ETHF tokens (valued at approximately $16.6 million) to incentivize centralized exchanges (CEXs) to adopt weETH as collateral for perpetual contracts. The proposal aims to drive the growth and adoption of weETH by offering various incentives and promotional campaigns targeted at CEX users.

6. Uniswap Launches Permissionless Cross-Chain Bridging Function link

Uniswap has announced the launch of a permissionless cross-chain bridging feature, enabling users to seamlessly transfer assets across nine networks, including Ethereum, Base, Arbitrum, Polygon, Zora, Blast, OP Mainnet, World Chain, and ZKsync, through both the Uniswap Interface and Uniswap Wallet. Powered by Across Protocol, this feature allows decentralized, cross-chain transactions across these networks.

7. LayerZero CEO Identifies Vulnerability in Across Token Contract, Co-Founder Proposes Setting a 1 Billion Supply Cap to Mitigate Risk link

LayerZero CEO Bryan Pellegrino tweeted that a critical issue exists in the Across Protocol token contract, which mistakenly exposes a function that should have been private. This function, written by OpenZeppelin in its ERC20 token implementation, is intended for burning tokens but inadvertently grants contract owners the ability to withdraw tokens from any wallet and reduce any account balance to zero. He suggested transferring contract ownership to an immutable new smart contract to prevent excessive minting and token destruction.

Across Protocol co-founder Hart Lambur proposed setting a permanent 1 billion token supply cap for ACX. If approved by the community, Across Governance would relinquish ownership control over the ACX tokens, sending it to the 0x0 address to prevent any future minting or burning of tokens.

8. MakerDAO Founder to Initiate Community Vote on Core Branding link

Rune Christensen, founder of Sky (formerly MakerDAO), tweeted that he will draft an Atlas Edit proposal to conduct a community vote regarding the project’s core branding. This initiative aims to address community feedback and seek consensus on the project’s future direction. Christensen presented three voting options: to continue using Sky as the core brand; to refocus on the Maker brand with its original identity; or to refocus on the Maker brand with an updated brand identity. He emphasized that once the core branding direction is established, the next step will involve considering potential adjustments to the tokenomics and the future development of the Sky brand and SKY token, should the vote favor refocusing on the Maker brand.

9. Scroll Ecosystem Stablecoin Project Essence Finance Suspected of Rug Pull link

The Scroll ecosystem stablecoin project Essence Finance is suspected of a rug pull, with its stablecoin CHI plummeting over 92% in the past 24 hours to $0.077. Allegedly, collateral worth more than $20 million has been removed. The project’s official Twitter account has been inactive, with the last tweet posted on September 11. According to official documents, the project claimed its audit was based on FEI Protocol V2, stating that it was built on this foundation.

10. BEVM Proposes Super Bitcoin Architecture and Releases Whitepaper link

On October 22, BEVM (Bitcoin-Enhanced Virtual Machine) released the white paper for the Super Bitcoin technical framework, announcing the integration of the Lightning Network and Taproot Consensus. It elaborated on the five-layer technical architecture of Super Bitcoin, emphasizing how to achieve Bitcoin’s entry into the expansion layer through a chain of Lightning Network nodes without the need for cross-chain interactions or user custody. Furthermore, it described how the BEVM-Stack shares Bitcoin consensus security with various mainstream virtual machines on the Lightning Chain.

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